Forget Boris Johnson, it’s mortgage misery that is blowing up the Tory vote

Ordinary people are much more concerned about whether they can keep their housing payments up than Boris Johnson

Former Cabinet minister and Liz Truss supporter Sir Simon Clarke pointed out that current gilt pricesSir Simon unwittingly made the Opposition’s case for it: that no matter which Tory PM is in charge, the mortgage misery keeps on coming. Central to all the jitters is the UK’s stubbornly high “core” inflation, prompting fears the Bank of England will have to keep on increasing interest rates for months to come. As years of low mortgage rates become a thing of the past, that leaves lots of families facing increases of hundreds of pounds in their monthly mortgage bill.

Rishi Sunak has compounded the problem by declaring that it is “on me personally” if his target of halving inflation this year is not met. Not on the Bank, on him. New figures showing wages are higher, normally a good thing for a Government, add further to expectations of higher inflation and interest rates.

And although Johnson’s Privileges Committee comeuppance may still dominate the news for some time, many ordinary people are much more concerned about whether they can keep their housing payments up. Mortgage repossession, not the Tory “succession”, is their primary focus. . But his reply to Olney – “I am sure that residents in Mid Bedfordshire have welcomed the stability that we have brought to the economy and the fact that we have supported householders through the past two difficult years” – reeked of complacency.

Source: Loan Digest (loandigest.net)

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Simply Not True': Former Tory Leader Slams Boris Johnson Over Peerages RowThe former prime minister has gone to war with Rishi Sunak over his resignation honours list.
Source: HuffPostUK - 🏆 108. / 51 Read more »

Boris Johnson: MPs to conclude Partygate inquiryMr Johnson stood down as an MP on Friday, branding the Privileges Committee a 'kangaroo court'.
Source: BBCNews - 🏆 3. / 97 Read more »

Damning verdict expected as panel of MPs conclude inquiry on whether Boris Johnson misled CommonsIn a report expected to be hard-hitting, the committee is believed to have found that Mr Johnson not only made recklessly inaccurate statements in the Commons but also deliberately lied to MPs.
Source: SkyNews - 🏆 35. / 67 Read more »

Donald Trump and Boris Johnson believe the rules do not apply to themON the other side of the Pond we have Trump telling us “I am an innocent man” and in the UK we have Trumpette telling us that the parliamentary…
Source: SunScotNational - 🏆 49. / 63 Read more »

Boris Johnson allies turn on 'petulant' ex-PM after claims he could make another comebackMonday's front page: End of an era in UK politics: Sturgeon arrested, Johnson out in cold Here from HugoGye + eleanormia + RichardVaughan1: And here from elle_odwyer + eleanormia + ChaplainChloe: TomorrowsPapersToday
Source: i newspaper - 🏆 8. / 89 Read more »

Panel investigating Boris Johnson set to conclude that he deliberately lied to MPs over partygateIn a report expected to be hard-hitting, the committee is believed to have found that Mr Johnson not only made recklessly inaccurate statements in the Commons but also deliberately lied to MPs.
Source: SkyNews - 🏆 35. / 67 Read more »